Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America Highlight

“He made that argument [about adjustable-rate mortgages] right before he started raising interest rates. Are you kidding me?” said one hedge fund manager. “All he was doing was screwing the American consumer to help the banks … If you had had people on thirty-year fixed mortgages, you wouldn’t have had half these houses blowing up,